Brown Advisory
Brown Advisory Large‑Cap Sustainable Growth
US Large-cap Quality
Mar 2026 → Mar 2026
Our archive holds 1 letter from this strategy, behind 3 investment theses and positions in 28 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Brown Advisory for every strategy.
What it bought and sold
Outside of Information Technology, we added one new name and sold one other during the first quarter. Cintas Corp (CTAS) is a business services company that provides uniforms, facility services and safety products to North American companies though a steady, subscription-like revenue model.
We added to our position during the quarter on weakness.
Within software, we sold Dynatrace during the quarter while continuing to build out our Datadog Inc. (DDOG) position,
The slight decrease in our absolute exposure to Financials was a function of price action and fundamentally-driven trading activity, most notably trims of Charles Schwab (SCHW) and Progressive (PGR) during the quarter.
During the first quarter, we added cybersecurity to this list with our purchase of Palo Alto Networks (PANW).
The slight decrease in our absolute exposure to Financials was a function of price action and fundamentally-driven trading activity, most notably trims of Charles Schwab (SCHW) and Progressive (PGR) during the quarter.
We also completed the elimination of our position in Verisk Analytics (VRSK) in the first quarter.
We added to our position in Snowflake during the quarter.
During the quarter, we took advantage of relative weakness in Broadcom Inc (AVGO) which we anticipate will be a major beneficiary of the anticipated data center infrastructure buildout over the coming years.
Within software, we sold Dynatrace during the quarter while continuing to build out our Datadog Inc. (DDOG) position,
Also held
Its investment theses
- Intuit Inc.Mar 2026Intuit is a leading tax and accounting software company whose trusted brand, wide moat, and history of integrating new technology support the view that it can win in AI.
- Marvell Technology, Inc.Mar 2026Marvell Technology designs data-infrastructure chips and is backed by rising estimates and NVIDIA’s AI-infrastructure investment.
- Cintas CorporationMar 2026Cintas provides uniform and facility services through a subscription-like model, with scale, route density, margin expansion, and acquisition synergies supporting its long runway.